USA: General Motors earns $1.75 Billion in second quarter

General Motors Corp. announced that its second quarter earnings were up by just under one percent, to $1.75 billion. Continued strong sales were offset in part by development costs for new vehicles, and e-commerce investment.
GM earned $2.93 a share, compared to $1.73 billion, or $2.66 a share, in the second quarter of 1999.

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